Video River Networks Reports Q1 2025 Financial Results with Net Loss and Strategic Shift to Technology Focus

Video River Networks, Inc. reported its financial results for the first quarter of 2025, revealing a net loss of $5,216, a significant improvement compared to a net income of $1,531,480 in the same period of 2024. The company did not generate any revenue during the quarter, consistent with the previous year. Operating expenses decreased to $5,216 from $30,587, primarily due to reduced operational activities and the cessation of real estate operations. The company's accumulated deficit increased slightly to $17,933,380 as of March 31, 2025, from $17,928,164 at the end of 2024.

In terms of financial position, Video River Networks reported total assets of $1,511,487, down from $1,552,732 at the end of 2024. Current assets decreased to $79,620, primarily due to a reduction in cash and cash equivalents, which fell to $1,500 from $23,215. The company’s total liabilities also decreased significantly to $55,870 from $91,899, reflecting a reduction in long-term debt and other liabilities. Stockholders' equity slightly declined to $1,455,617 from $1,460,833.

Strategically, Video River Networks is pivoting back to its technology roots, focusing on Electric Vehicles (EV), Artificial Intelligence (AI), Machine Learning (ML), and Robotics (R). The company aims to acquire and manage businesses in these sectors, having previously shifted towards real estate operations. The management team is actively seeking acquisition opportunities in the EV sector, although no specific targets have been identified yet. The company plans to utilize its existing network and expertise to facilitate these acquisitions.

Operationally, the company has no full-time employees, with only its CEO, Frank I. Igwealor, serving as the sole staff member. The company is currently relying on part-time unpaid staff for administrative tasks. Video River Networks has indicated that it will need to raise significant capital to fund its operations and strategic initiatives, as its current cash reserves are insufficient to support its business plan for the next twelve months. The company is exploring various financing options, including equity and debt offerings, but has not secured any commitments yet.

Looking ahead, Video River Networks acknowledges the challenges it faces in maintaining operations and achieving profitability. The company’s ability to continue as a going concern is contingent upon securing adequate funding and successfully executing its business strategy. If these objectives are not met, the company may need to curtail or cease operations.